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Home Financial Reports

GovCon Index Dropped Sharply Last Week

by Ireland Degges
September 9, 2024
in Financial Reports, News
GovCon Index Dropped Sharply Last Week

Last week, Executive Mosaic’s GovCon Index declined by 4.08%, closing with an average of $5,312.73 on Friday. These losses represent the highest weekly decline since GovCon Index launched in December 2023. 

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GovCon Index is an aggregate index that collects and presents stock market data from 30 key government contracting organizations in real time. Users can leverage this information to assess the financial performance of each tracked company and gain insights into the broad trends shaping today’s GovCon marketplace.

Only one company, Palantir, recorded growth on Friday. GovCon Index achieved slight gains on Wednesday, but was unable to turn the tide before the end of the week. Despite these losses, GovCon Index has grown by 13.8% overall this year.

For more information on daily GovCon Index performance, check out last week’s market reports. Click here to view the full list of tracked organizations.

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ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency.

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